Quarterly report pursuant to Section 13 or 15(d)

GOING CONCERN (Details Narrative)

v3.22.2.2
GOING CONCERN (Details Narrative) - USD ($)
1 Months Ended 6 Months Ended
May 13, 2022
May 18, 2022
Jun. 30, 2022
Jun. 30, 2021
May 19, 2022
Mar. 31, 2022
Dec. 31, 2021
May 31, 2021
Mar. 31, 2021
GOING CONCERN                  
Approximate Accumulated deficit     $ (63,230,000)     $ (63,000,000)      
Convertible debenture including penalties, damages and interest     1,100,000     1,100,000      
Operating activity balance     (2,721,000)            
Approximate Accumulated deficit     (63,230,000)     $ (63,000,000)      
Working capital     $ 3,750,000            
Underwritten public offering, price per unit     4.25     4.25      
Convertible notes payable loan balance     $ 3,048,781   $ 3,048,781 $ 3,048,781      
Net offering proceeds from loan   $ 8,779,000 $ 5,729,000            
Original Issue Discount Convertible Debenture     18.00%   18.00% 0.18%      
Convertible notes payable annual interest rate     12.00%     0.12%      
Principal balances of convertible notes due, March 31, 2022     $ 2,005,000     $ 2,005,000      
Principal balances of convertible notes due, March 2023     1,100,000     1,100,000      
Principal balances of convertible notes due, April 2023     155,000     155,000      
Approximate Net cash used in operating activities     (775,000)            
Principal balances of convertible notes due, May 2023     $ 750,000     $ 750,000      
Common stock closing price per share     $ 9     $ 6      
Price per unit sold, percentage 100.00% 1.00%              
Convertible debenture   $ 3,048,781              
Net proceeds from the sale of an underwritten public offering   8,779,000 $ 10,004,245 $ 0          
Principal balance   $ 3,048,781              
Common Stock, par value   $ 0.00001 $ 0.00001     $ 0.01 $ 0.00001    
Underwritten public offering units issued 2,352,942                
Additional common stock shares issued   352,941              
Additional warrants issued   705,882              
Representative's Warrants issued   $ 141,177              
Warrants exercise price $ 4.25             $ 9 $ 9
Warrants expiry term   five              
Public Offerings Price   $ 4.25